Productive efficiency

When a firm produces at the lowest unit cost i.e. where MC = AC.
Found on http://www.bized.co.uk/reference/glossary/index.htm?glosid=802

Productive efficiency

When a firm produces at the lowest unit cost i.e. where MC = AC.
Found on http://www.bized.co.uk/virtual/dc/resource/glos5.htm

Productive efficiency

The production of maximum output from a given set of inputs, thus reaching the production possibility frontier. Just one aspect of achieving economic efficiency.
Found on http://www-personal.umich.edu/~alandear/glossary/p.html

Productive efficiency

Productive efficiency occurs when the economy is using all of its resources efficiently. The concept is illustrated on a production possibility frontier (PPF) where all points on the curve are points of maximum productive efficiency (i.e., no more output can be achieved from the given inputs). An equilibrium may be productively efficient without b...
Found on http://en.wikipedia.org/wiki/Productive_efficiency
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